Trade
Sen. Chuck Grassley (R-IA) says one of the challenges the U.S. is dealing with is trying to negotiate agreements with 18 of its biggest trading partners simultaneously. Grassley would like to see a dialed-back strategy used instead.
This is biggest investment ADM regional manager Travis Sayers has seen ADM make in St. Louis.
A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country. The interruption was short-lived after a federal appeals court granted the Trump administration’s request to temporarily pause a lower-court ruling.
A chief concern is whether glyphosate will be targeted by the report, which is expected to be unveiled on Thursday. A number of farmers have voiced concerns collectively and individually this week.
After suspending live cattle imports from Mexico and a trip to the UK to talk trade, the secretary of agriculture looks ahead to domestic affairs and the anticipated May 22 MAHA report.
“Let’s just put it this way, things are happening this spring we’ve never seen before,” says Josh Linville, vice president of fertilizer at StoneX.
While 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term.
The stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
Agriculture is an export dependent business. At peak uncertainty, the industry could go either way: Gain ground with new trade deals or take a big hit as exports further decline.
Vietnam has a 100 million people and a growing middle class looking to add protein to their diet. With limited soybean crushing capacity, the country currently depends on soybean meal imports for their livestock and aquaculture feed needs.
The Department of Commerce will now issue and announce the final duty rates on the imported products.
Here are five takeaways from the latest semi-annual report, including the top tariff fronts to watch for impact to fertilizer prices.
Before the White House’s 90-day pause on higher tariffs for other countries expires on July 9, India is one country rushing to negotiate a trade deal with the U.S.
Growers are grappling with a second consecutive year of waning demand and no home for their grapes. The issue is complex with non-tariff trade barriers hitting the wine industry especially hard and a flood of imports that are creating cheap wine with which U.S. grape growers can’t compete.
Ocean shipping transports about 80% of global trade — from coal and corn to bananas and cement. The revisions tackle major concerns from the global maritime industry that feared virtually every cargo carrier could face steep, stacking fees.
“We’re only 15 days into this. It feels like a year, right?” says Matt Clark, senior rural economy analyst. “I catch myself feeling very overwhelmed by the news flow, a lot has happened in 15 days.”
Per CEO Bill Anderson in an interview this week, Bayer will have a decision in months — not years — about whether it will remain the only domestic producer of glyphosate in the U.S.
In the next two years, the actions you take in business will define what happens in the next 20 or 30 years. That’s the outlook from Ken Zuckerberg, director of global research for CHS Inc.
On her list of issues to tackle, says Secretary of Agriculture Brooke Rollins, is deciding if farmers will need another round of assistance payments later this year and if USDA headquarters should be relocated.
The tit-for-tat on tariffs between the U.S. and China continues, with China announcing on Friday a new rate of 125%, which is up from the 84% announced earlier this week. That pushes the tariff on U.S. pork and pork variety meat to 172%. The new soybean tariff is more than 150%.
Daren Coppock says: “Global supply chains cannot adjust overnight nor can they function in a tariff environment that is unpredictable.”
“The sourcing from international markets has become mandatory. It’s more likely that things will get expensive than change,” says Jim DiLisi of Fanwood Chemical.
As the trade war heats up, the reality is China is still the top export destination for U.S. farmers, even if the country isn’t buying as many soybeans as 2018.
After China retaliated with its own tariffs, the U.S. said on Tuesday that 104% duties on imports from China would take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by Trump’s sweeping tariff plan.
As tariff proposals continue to bring uncertainty, the agricultural sector is assessing how any forthcoming country-by-country trade deals might offset the disruption, or if the industry needs to brace itself for a different kind of future.
The senior senator from Iowa is renewing a long-standing legislative effort to wrestle back authority on trade deals and tariffs from the executive branch.
Cheap cotton prices and dwindling demand are just part of the problem. Input costs have climbed and there’s no safety net to be found from a new farm bill. One Georgia farmer says the current farm bill is irrelevant and worthless, and if a new one doesn’t get passed this year, the cotton industry is doomed.
China accounted for 14% of total U.S. beef export volume last year and 15% of export value as well as 15% of total U.S. pork export volume and 13% of export value, according to the U.S. Meat Export Federation.
Farmers and farm groups have mixed reactions and lingering questions following President Trump’s announcement of sweeping reciprocal tariffs. Will farmers receive aid to offset tariff impact? How will U.S. trading partners react?
In a Wednesday morning press conference, ahead of Trump announcing his global tariff plan, Sheinbaum says Mexico will “announce a comprehensive program, not a tit for tat on tariffs,” but added, “we have a plan to strengthen the economy under any circumstance.”